According to Business Wire, Peet’s Coffee & Tea and Stumptown Coffee Roasters have announced an agreement in which Peet’s will acquire ownership of Stumptown from its existing shareholders, which include majority-owner TSG Consumer Partners LLC. Stumptown, founded in Portland, Oregon in 1999, will continue to operate independently while having full access to Peet’s resources and scale. Peet’s will continue to pursue its own growth strategy, operating “as is” across its retail cafes, wholesale and grocery channels.

Peet’s Coffee & Tea was traditionally known for its dark or “deep” roasting style. Stumptown Coffee more commonly roasts to a medium or medium-light level.

Ron Walters, co-founder of Coffee Review, manages business operations, including CoffeeReview.com, marketing, and social media. He conceived of and helped pioneer the development of 100-point reviews in the specialty coffee industry. For the past twenty years, he has been engaged in strategy, marketing, and management of specialty food and beverage businesses.